Cisco invests S$25m in cybersecurity centre and first S-E Asian co-innovation hub in S'pore

Singapore

CISCO on Friday launched its first South-east Asian co-innovation centre in Singapore, focused on cybersecurity and the Internet of Things, alongside a new cybersecurity centre of excellence here. The US-based tech firm has invested S$25 million in both centres, its chief of operations Irving Tan told The Business Times. The move was supported by Singapore's Economic Development Board (EDB).

Cisco's Singapore office has grown from a regional business headquarters into a hub to address growing cyber threats in Asia, said Mr Tan. "As you create more smart cities and smart factories... there are economic and social benefits. But we have to recognise that there are more cybersecurity threats we have to deal with," he noted.